News blog

Tricorn Group

  • BY: Andrew Hore |
  • POSTED: 13/10/2019 |

Engineer Tricorn says that its full year results will be worse than expected due to poor trading conditions in the US and UK. 

A trading statement relating to the six months to September 2019 admits that margins have come under pressure in the US and demand is weak in the UK.

US demand is as expected, but tariffs with China have raised costs and it has been difficult to negotiate price increases.

Second quarter trading in the UK was particularly poor and first half revenues will fall by 12%. That means that group revenues will be 7% lower at around £10.6m and there will be a more significant fall in profit.

If trading does not improve then full year revenues could be £21.5m, compared with a previous forecast of £23m and that equates to pre-tax profit of £500,000 instead of £1.2m.

The share price fell from 18p to 11.5p.

The interims will be published on 4 December.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 30 March 2020

Continue reading... | 29/03/2020

Aeorema Communications

Aeorema Communications is being hit be the postponement of events. 

Continue reading... | 29/03/2020

Walcom Group Ltd

Walcom Group is short of cash and the chief executive has been unable to provide the funds he intended to lend to the company. 

Continue reading... | 29/03/2020

Pebble Beach Systems

Broadcast software provider Pebble Beach Systems has delayed its 2019 figures due to COVID-19. 

Continue reading... | 29/03/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds